GOOD & GOOD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GOOD & GOOD
Largest movements
- Stocks and contracts -€13,043
down €13,043 (-31.3%), from €41,706 to €28,663
- Deferred charges and accrued income +€10,061
up €10,061 (+2,814%), from €357 to €10,418
- Receivables within one year +€1,490
up €1,490 (+8.3%), from €18,060 to €19,550
of which Other amounts receivable: +€6,062
- Cash +€1,112
up €1,112 (+7.5%), from €14,754 to €15,866
mainly Stocks and contracts (+€13,043) and Trade debts (+€1,494)
- Financial fixed assets -€869
down €869 (-51.2%), from €1,698 to €829
- Debts after one year -€3,518
down €3,518 (-4.6%), from €76,805 to €73,287
- Trade debts +€1,494
up €1,494 (+13.7%), from €10,910 to €12,404
- Gross operating margin +€8,324
up €8,324, from -€280 to €8,045
- Other operating charges +€2,398
up €2,398 (+64.4%), from €3,725 to €6,122
- Financial charges -€359
down €359 (-21.9%), from €1,640 to €1,281
- Depreciation +€130
up €130 (+111%), from €117 to €246
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,953 | €76,296 | -€657 | -0.9% |
| Fixed assets | 21/28 | €2,076 | €1,799 | -€277 | -13.4% |
| Tangible fixed assets | 22/27 | €378 | €970 | +€592 | +156% |
| Furniture and vehicles | 24 | €378 | €970 | +€592 | +156% |
| Financial fixed assets | 28 | €1,698 | €829 | -€869 | -51.2% |
| Current assets | 29/58 | €74,876 | €74,497 | -€379 | -0.5% |
| Stocks and contracts in progress | 3 | €41,706 | €28,663 | -€13,043 | -31.3% |
| Stocks | 30/36 | €41,706 | €28,663 | -€13,043 | -31.3% |
| Amounts receivable within one year | 40/41 | €18,060 | €19,550 | +€1,490 | +8.3% |
| Trade receivables | 40 | €16,924 | €12,352 | -€4,572 | -27.0% |
| Other amounts receivable | 41 | €1,136 | €7,198 | +€6,062 | +534% |
| Cash at bank and in hand | 54/58 | €14,754 | €15,866 | +€1,112 | +7.5% |
| Deferred charges and accrued income | 490/1 | €357 | €10,418 | +€10,061 | +2,814% |
| Total equity and liabilities | 10/49 | €76,953 | €76,296 | -€657 | -0.9% |
| Equity | 10/15 | -€17,547 | -€17,152 | +€395 | +2.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,547 | -€42,152 | +€395 | +0.9% |
| Amounts payable | 17/49 | €94,499 | €93,447 | -€1,052 | -1.1% |
| Amounts payable after more than one year | 17 | €76,805 | €73,287 | -€3,518 | -4.6% |
| Financial debts | 170/4 | €76,805 | €73,287 | -€3,518 | -4.6% |
| Amounts payable within one year | 42/48 | €17,678 | €19,711 | +€2,032 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €5,905 | €6,320 | +€414 | +7.0% |
| Trade debts | 44 | €10,910 | €12,404 | +€1,494 | +13.7% |
| Suppliers | 440/4 | €10,910 | €12,404 | +€1,494 | +13.7% |
| Other amounts payable | 47/48 | €863 | €987 | +€124 | +14.4% |
| Accrued charges and deferred income | 492/3 | €16 | €450 | +€434 | +2,713% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €246 | +€130 | +111% |
| Other operating charges | 640/8 | €3,725 | €6,122 | +€2,398 | +64.4% |
| Gross operating margin | 9900 | -€280 | €8,045 | +€8,324 | |
| Operating profit (loss) | 9901 | -€4,121 | €1,676 | +€5,797 | |
| Financial charges | 65/66B | €1,640 | €1,281 | -€359 | -21.9% |
| Recurring financial charges | 65 | €1,640 | €1,281 | -€359 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,761 | €395 | +€6,156 | |
| Profit (loss) for the period | 9904 | -€5,761 | €395 | +€6,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,761 | €395 | +€6,156 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.